Limit Up!

Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in

Focus is essential to profitable trading. Jack and Dan talk about staying focused, the warning signs of losing concentration, and trader burnout. They also discuss making money versus managing money and take a look at Bitcoin and NFTs’ long term viability in the markets. --- Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding

Pilots train to fly in simulators before they ever get into a plane. At Topstep, we believe that trading in simulators is a safer way to learn the ins and outs of trading than just throwing yourself into the live market. But how do you know if your strategy that works so well in a sim will carry over to the floor? This week on Limit Up! Podcast, Jack and Dan are joined by Topstep founder Michael Patak. They talk about the golden age of trading when scalping was the go-to and talk about how that relates to learning in simulated trade environments. The team also shares metrics to look at to make sure your sim strategy will work for you in the real world. If you’re a trader with Topstep, you won’t want to miss this discussion. (01:24) - Is your trading strategy viable? (02:18) - Buy everything rally (09:24) - Scalping back in the day (12:10) - The computer revolution (15:36) -https://www.imdb.com/title/tt6866224/ ( The Hummingbird Project) (21:00) - Simulators (28:36) - Timeframes (36:47) - High probability setu

We all want to be confident traders. But there is a huge difference between confidence and competence. In part two of our series with Mental Game Coach Jared Tendler, we’re talking about how confidence in and of itself should not be your goal. Jared walks us through the Dunning Kruger Effect (think American Idol contestants who have no idea how bad they are) and shares how to avoid this pitfall. Jack and Dan also make some truly terrible predictions for the Master’s and round things out with tips on how to trade during market slowdowns, especially in the summer. Take a listen. (02:12) -https://help.futures.topstep.com/hc/en-us/sections/360011466274-Coach-T- ( Coach T) (04:12) - Interview with Jared Tendler (04:12) - Inchworm (10:02) - Mental stop-loss (13:30) - Confidence (19:48) - Masters (22:56) -https://www.amazon.com/Mental-Game-Trading-Confidence-Discipline/dp/1734030917 ( The Mental Game of Trading ) (23:52) - Green jacket picks Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_sou

Emotions cannot be eliminated. Instead of trying to push away strong emotions, traders need to learn what the emotion is really trying to tell you. Jared Tendler is a Mental Game Coach and expert in performance psychology. He talked to Jack and Dan on this week’s edition of Limit Up! about his latest book, The Mental Game of Trading. Jared has successfully coached professional golfers, gamers, and poker players and now is shining a light on performance psychology. Listen to this fascinating discussion to learn how to approach emotions such as fear and greed. Come back next week for part two! (00:59) -https://www.amazon.com/Mental-Game-Trading-Confidence-Discipline/dp/1734030917 ( The Mental Game of Trading) (01:39) -https://help.futures.topstep.com/hc/en-us/sections/360011466274-Coach-T- ( Coach T) (02:21) - Interview with Jared Tendler (03:49) - The safer bet (08:21) - Transition to trading (10:29) - Esports experiences (17:27) - Emotions signal the problem (22:48) - Fear and greed https://jaredtendler.com

For Jack, trading began with some trading tips from his grandfather. Dan grew up in a trading household. These experiences shaped their lives, however, even with that exposure trading can only be successful when you have the desire and the interest. On this week’s edition of Limit Up! Podcast, Jack and Dan are sharing their personal stories of how they discovered their future careers. They also discuss ways to maintain your trading edge and why adaptability is the most important quality for traders. Take a listen to the episode. (01:10) - Getting the trading itch (09:07) - Action seeking (12:54) - Mentorship (16:47) - Finding an edge (23:54) - Losing the itch (30:22) - Sweaty palm days Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted

Most novice traders want to know the stats of more experienced traders. However, a better question to ask yourself is, “What are my personal strengths and weaknesses?” If you know the conditions under which you thrive as well as what makes you tick, you will be more successful. In the business world, this is called SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). This week on Limit Up! Podcast, Jack and Dan are sharing their personal strengths and weaknesses to help you better reflect on your own. They discuss why hard times make hard people and why you need to know your reason for trading. Stay tuned for a discussion on the ongoing GameStop saga. (05:06) - Trading in the moment (13:08) -https://en.wikipedia.org/wiki/Kevin_Garnett ( Kevin Garnett) (13:29) - Understanding macro forces (18:42) - Breakouts off the open (20:31) - Outright futures (24:09) - Desire for more (29:22) - FOMO (35:56) - SWOT charts Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_pod

If you’re down on your luck, take a break from trading. If you’re on a hot streak, take a break from trading. There are countless stories of people getting in over their heads which is why knowing your out is one of the most important skills to develop. This week on the podcast Jack and Dan define “going on tilt.” Listen to learn the history of the term and the lessons to take from traders such as Evan Dooley. Market Mania is happening soon so don’t forget to fill out your brackets! (02:23) -https://www.topstep.com/market-mania/ ( Market Mania) (03:52) - Going on tilt (06:28) - Pull tabs (08:36) - Evan Dooley (15:29) - Scalability (24:37) - Warning signs (27:31) -https://www.imdb.com/title/tt04270492/ ( Billions) (27:54) - Be your own risk manager (32:42) - Trading ego Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, a

The GameStop drama in January and February has given a lot of attention to social sites like the WallStreetBets Reddit page. But what are the pros and cons to making trades based off of information gleaned from social media? This week on Limit Up! Podcast, Jack and Dan talk about how WallStreetBets and Discord have changed the game. They offer advice on what to look out for and what to stay away from when making social trades. Listen for their advice. (02:04) - Social trading (03:32) -https://www.topstep.com/market-mania/ ( Market Mania) (06:37) -https://www.reddit.com/r/wallstreetbets/ ( r/WallStreetBets) (12:13) - Impulse protection (18:41) - YouTube trading rooms (21:33) - Questionable micro influencers (25:13) -https://stocktwits.com/ ( Stocktwits) (28:29) - Jawboning (30:01) - Topstep on Discord Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, tr

You can’t trade for 23 hours a day. Eventually, you’re going to hit a breaking point. With so much money to be made in the stock market, it’s easy to want to push through and keep going. But you really need to take time off and pace yourself. This week on Limit Up! Podcast, Jack and Dan discuss the importance of taking time off for your general well-being. They share tips on why to step away even if you’re on a hot streak, how to conquer trading FOMO, and how to make rest a part of your trading lifestyle. (02:01) - Taking time off (08:32) - Advance planning (12:33) - Trade for balance (14:12) - Night shift (18:30) - Vacation exhaustion (23:08) - Undoing your work (26:10) - Day-to-day routines (30:40) -https://www.topstep.com/market-mania/ ( Market Mania Part Deux) Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pr

Everyone knows that timing is everything when it comes to trading. But timing goes beyond getting lucky on a big trade. Good traders have a plan and execution strategy for every type of trade they get into. On today’s edition of Limit Up! Podcast, Dan returns after a bout with Covid (he’s ok!) to talk to Jack about the strategy behind timing. They discuss knowing when to close a stale trade, how the duration of time you’ve held onto a stock determines what you should do with it, and why you should commit to trading during certain hours. Most importantly: take time off! Listen for their tips and strategy. (00:50) - On the mend (03:03) - Trading against the clock (05:45) - Types of traders (07:46) - Scalping against bots (12:07) - Closing stale day trades (18:14) - Opportunity cost in swing trading (24:28) - Position trading involvement (29:09) - Long-term speculation Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_

While most traders have some degree of impulsivity, when it comes down to it, trading is all about understanding patterns. Ego can drive traders to make rash decisions. If you employ a strategy in which patterns guide your trades, you will make better decisions and have a clearer view of what is happening in the market. This week’s episode of Limit Up! Podcast is all about patterns. Jack and John Doherty share the patterns they watch for and talk about why walking away is sometimes the best decision. Listen to the episode for the latest analysis on what’s going on with Bitcoin. (01:11) - Bitcoin vs. inflation (07:36) - Flags and pennants (11:47) - Fundamental analysis of technical analysis (15:12) - Following the rules (19:21) - Swing highs & lows (20:53) - Overtrading (23:34) - Bread & butter setups (27:08) - Zoom out (28:01) - The neverending grind higher (32:12) - Market mania Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_cam

To be a good trader, you need to have good instincts and well-established routines. That means taking the day off when you’re not 100% and sticking to the daily routine that keeps you healthy and alert. As part of our series on technical analysis, Jack, Dan, and John Doherty are sharing their personal trading habits to help you plan out the routine that will work for you. Listen in to learn what charts to look at during various times of day and what indicators work best for the traders on our team. Stay tuned for our market reaction and an update on GameStop. (00:26) - Market reaction (04:41) - Daily routine (14:12) - Charts & indicators (25:58) - Entering trades (30:32) - Overnight futures (32:21) - Execution points (35:51) -https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ ( Topstep on YouTube) Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about tradi

Unless you’ve been living under a rock this week, you have no doubt heard about the GameStop stock drama. What started as a once in a lifetime opportunity to get rich quick has become a David versus Goliath story of retail traders rebelling against massive hedge funds. Limit Up! is taking a short break from our trading fundamentals series to bring you all the details behind Wall Street’s story of the week. Jack, Dan, and John Doherty give a recap on how GameStop blew up, how a short squeeze works, and what sort of repercussions are likely in store for the trading app Robinhood. Tune in for Topstep’s take on this volatile week. (00:45) - Mechanics of short squeezes (05:14) - Zero-commission trading (06:49) - Float and short interest (10:51) - Role of short sellers (20:34) - Effect on futures and forex (26:31) - Industry change (34:21) - Astroturf Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_conten

Charts. Some people love them, others question whether they actually work. To broaden your understanding of technical analysis, today’s episode of Limit Up! is diving into the history of this chart heavy theory. Jack and Dan are joined by Topstep’s John Doherty to give you an overview of the history of technical analysis and talk about how you can integrate it into your trading toolkit. The team goes into best practices and offers their experience on when technical analysis does not work. Listen to the episode and decide for yourself whether or not you are a “chartist.” (01:44) - The squeeze is on (05:51) - A brief history of technical analysis (13:17) - Skepticism (16:06) - Balancing fundamental and technical analysis (24:23) - Measuring crowd psychology (30:41) - Stay humble Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading

Simulations are just that: simulations. Trading in real life is vastly different. Some traders get so comfortable in simulations that they take bigger chances than they should when they get to the real trading floor. On this week’s edition of Limit Up!, Jack and Dan walk you through tips and tricks to make the jump from simulation to real trades. Jack and Dan share tips such as start smaller than you think small is and why you should trade what you have and not what you want. Check out the episode for their advice and our latest market reaction. (01:12) - Market reaction (04:04) - Simulated vs. real trading (09:39) - Treat it like it's real (13:32) - Start small (21:05) - Walking the 2x4 (23:08) - Race to the queue (29:12) - Scaling plan Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the

This week’s installment of our new Trader Development Series is all about how to open a brokerage account. Jack and Dan are joined by longtime trader, and Founder/Chief Visionary Officer of Topstep, Michael Patak, for a discussion on futures brokerages. Listen to their conversation to learn about the importance of risk management, trading small, and watching your margins. Whether you’re a longtime trader or a brokerage newbie, the Topstep team has a wealth of wisdom to impart to help you get set up today. (01:39) - Stock melt up (06:07) - Opening a brokerage account (10:30) - Understanding margin (16:46) - Choosing a broker (19:38) - Forex vs. futures (22:20) - Don't trade what you can't lose (29:33) - Trading vs. investing (31:31) - Scaling up Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading a

Limit Up! is kicking off 2021 by getting back to the basics. This week, Jack and Dan are sharing their essential trading tips for newbies and veterans alike. Listen in for their advice as well as resources and book recommendations. They explain why it’s so important, especially for new traders, to keep things simple and not bite off more than you can chew. Check out the episode and hit the ground running in 2021. For even more coaching, check out the https://youtube.com/playlist?list=PLddTh6jO7O9G7LF2KdQIf82ENJDk5Z7RF (Coach’s Playbook) on YouTube on Tuesdays at 11:30am CST. (01:43) - Getting started trading (04:19) - Back in the day (12:57) - Trader development (17:44) -https://www.babypips.com/ ( Babypips) (18:13) - Be cautious (25:05) -https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/168422294X/ ( Reminiscences of a Stock Operator) (28:58) - Trading simulators (31:47) - Keep it simple (34:22) - Trade what you have Limit Up! is a podcast for traders of all levels brought to you by https:

This week on Limit Up! We are saying so long to 2020 with a special compilation of some of our favorite guests from this year. In this episode, we have highlighted some of the best tips about improving your trading game. Listen for advice from traders such as https://www.topstep.com/money-management-and-trading-with-chris-tate/ (Chris Tate), https://www.topstep.com/building-a-trading-plan-with-austin-silver/ (Austin Silver), https://www.topstep.com/learning-to-trade-from-youtube-with-matt-miller/ (Matt Miller), and many more. Bring this energy to 2021 and make it your best yet! (03:06) - Building a trading system (04:35) - Getting into futures (07:29) - Lessons from gambling (13:36) - Making a living (15:44) - Not losing money (19:25) - Staying engaged (23:03) - Predefined plans If you think you, or someone that you know would be a good guest for the show, email Jack at: jack@topstep.com. Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm

What makes Santa such a great gift-giver? He has his system for delivering presents on lock. To be an effective trader, you have to put in the work to create a system that works for you and stick to it. This week on Limit Up! we are revisiting some of the best advice on trading systems we’ve gleaned from our guests in 2020. Take a listen for trading best practices from such guests as https://www.topstep.com/money-management-and-trading-with-chris-tate/ (Chris Tate), https://www.topstep.com/investing-to-grow-your-wealth-with-gary-morrow/ (Gary Morrow), https://www.topstep.com/how-dual-momentum-can-change-your-investment-game-with-gary-antonacci/ (Gary Antonacci), https://www.topstep.com/find-your-trading-niche-with-jerry-robinson/ (Jerry Robinson), https://www.topstep.com/automating-day-trades-with-jeremy-tang-and-zac-white/ (Jeremy Tang and Zac White). We hope you learn something and have a safe, restful holiday season! (00:15) - Systems for efficient trading (01:43) - Trading vs. investing (05:58) - Profit t